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F E D E R A L R E S E R V E BANK
O F N EW Y O R K
Fiscal Agent o f the United States

f Circular N o. 3 5 7 0 1
I July 12, 1950 J

DETACHED REQUESTS FOR PAYMENT OF
UNITED STATES SAVINGS BONDS

To all Banks and Trust Companies, and Others Concerned,
in the Second Federal Reserve D istrict:

The Treasury Department has called our attention to the improper use by
several banks in this District of detached requests fo r payment (Form PD 1522) in
connection with the redemption of United States Savings Bonds. The bonds now
being received with improper detached requests for payment will be accepted, but the
Treasury Department advises that it may in future cases return them, in order
that the requests for payment be executed on the forms appearing on the backs of
the bonds, as prescribed in Section 315.24 of Treasury Department Circular No. 530,
Sixth Revision, dated February 13, 1945.
Form PD 1522 is to be used only when an error has been made in the execution
of a request for payment on the form appearing on the back of the bond, or when
the bond is being held fo r the account of a registered owner who resides in another
city or outside the continental limits of the United States. The Treasury Department
has requested that, in any case in which the use o f this form is authorized, you forward
the bond, accompanied by the executed form, to us rather than to the Chicago Office
o f the Treasury Department.
Your cooperation in this connection will be appreciated. I f yon do not have a
copy o f the Sixth Revision of Treasury Department Circular No. 530, we shall be
glad to furnish one on request.




A

llan

S proul,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102